Earlier today, the Quebec Government published new regulations related to Quebec’s immigration programs, including the Quebec Immigrant Investor Program. Important changes to the QIIP include the following:
Candidates must have net assets of at least $2,000,000;
The investment candidates must make has increased to CAD$1,200,000.
It is projected that these regulations will be implemented in August this year. Until that time, Quebec Immigration will not be accepting any new applications.
At this point, no information has been released regarding the dates of the intake period or the number of files that will be received by Quebec Immigration. We should have more news in the near future, and will continue to keep you informed as we learn more.
If you are no longer interested in receiving updates about the Program, please let me know and we will remove you from our distribution list.
** Un maximum de 1 235 demandes de ressortissants étrangers de la République populaire de Chine, incluant les régions administratives de Hong Kong et Macao, sera accepté.
Next Opening of the Quebec Immigrant Investor Program
Yesterday, by way of Ministerial Decree, Quebec’s Minister of Immigration, Diversity and Inclusion announced that the Quebec Immigrant Investor Program will reopen from September 10 2018 to March 15 2019. The maximum number of applications that can be received during this period is 1,900.
Sherbrooke Street Capital is the leading financial intermediary, and once again because of our success, we expect to manage one of the largest allocations from Quebec Immigration.
Some key points to consider for the next opening:
In order to qualify for the Program, applicants must have:
At least two years of management experience during the five years preceding the application;
A legally-accumulated net worth in excess of CAD$2,000,000; and
The intention to reside in the Province of Quebec and commit to investing CAD$1,200,000. Financing is available. At current rates, the cost to the client will be $350,000.
All applications must be submitted to Quebec Immigration in Montreal;
The Government processing fee will continue to be $15,235 until December 31 2018;
Any applicants who demonstrate an intermediate ability in French, can submit their application at any time until March 31, 2018 and will receive priority processing.
Notice: Please note that the intake period for this program has been extended until August 31, 2019.
The maximum number of applications for permanent selection that will be accepted for processing under the Investor Program is 1,900 for the period September 10, 2018, to August 31, 2019.
Investor candidates who demonstrate, by means of a test recognized by the Ministère, that they have an advanced intermediate knowledge of French, are not subject to this maximum and can submit their application at any time. These applications will receive priority processing.
All applications must be sent by courier or regular mail to Direction de l’enregistrement et de l’évaluation comparative, in Montréal. Only one application can be sent at a time. Applications dropped off in person will not be accepted. The envelope in which the application is sent must indicate the program under which it is submitted.